Oak Meadow RE LLC
Oak Meadow RE LLC, located in Ottumwa, Iowa, operates in the All Other Specialty Trade Contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.3 million, approved on January 16, 2026 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Jan 16, 2026
$1,329,300 approvedLender: The Huntington National Bank13 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,329,300
- SBA-guaranteed amount
- $996,975 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 13 years (156 months)
- Estimated maturity
- January 16, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $14,485 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 9, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Wapello County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 41% of acquisition loans in All Other Specialty Trade Contractors on this site.
- Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
- Average acquisition loan in Iowa: $1,701,244.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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